Shortage Will Push Petrol to Rs. 1,000/Litre: Ali Pervaiz Malik
Federal Petroleum Minister Ali Pervaiz Malik has cautioned that petrol could cost as much as Rs.
Federal Petroleum Minister Ali Pervaiz Malik has cautioned that petrol could cost as much as Rs.
Article outline
- What happened
- The key numbers
- Reaction
- The details
- The bottom line
Key points
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- While international oil costs have risen by 80 percent, ali Pervaiz remarked oil costs have rose significantly in Europe and the United States.
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- He remarked Prime Minister Shehbaz Sharif had acted responsibly by limiting the impact of higher global oil costs on domestic consumers.
Federal Petroleum Minister Ali Pervaiz Malik has cautioned that petrol could cost as much as Rs. 1, 000 per litre if a shortage develops in the country.
Speaking to the media in Lahore, the minister remarked there is at present no petrol shortage but rates could rise sharply if supplies become scarce. Shipping Crisis Threatens Pakistan Fuel Rates.
While international oil costs have risen by 80 percent, ali Pervaiz remarked oil costs have rose significantly in Europe and the United States. He remarked Pakistan has passed on only around 50 percent of the rise to consumers.
Notably, the minister additionally stated the administration would ensure that residents do not face a gas shortage during winter, even if it has to spend $100 million instead of $3 million on gas imports.
He remarked fuel-related tokens worth Rs. 180 million were issued in a single day on Friday.
Ali Pervaiz additionally stated work has began on oil wells and the administration expects oil discoveries within October.
Responding to political criticism, he pressed everyone to avoid politicizing people's difficulties.
He additionally stated no one would be allowed to march on Islamabad. Stay Connected with ProPakistani.
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For now, shortage Will Push Petrol to Rs. 1, 000/Litre: Ali Pervaiz Malik remains the part of the story worth watching, and further updates are likely as more details are confirmed.
